Advanced medical software company ORHub, Inc. (OTC: ORHB) this morning announced that it has received gross proceeds of $3.86 million from the exercise of warrants prior to their expiration on December 31, 2017. The company previously announced a special exercise price of $0.35 for all series of warrants outstanding, and all warrants issued by the company have now been exercised or have expired, positioning ORHub’s capital structure for clean appreciation as revenues and earnings increase. “ORHub is privileged to have strong support from our investor community as demonstrated by the successful warrant exercise,” Colt Melby, CEO of ORHub, stated in the news release. “This additional capital will help our expansion efforts as we scale the ORHub software platform nationwide.” Per the update, ORHub has now raised the capital to allow for its transition from a development stage company into a revenue generating service provider.
To view the full press release, visit http://nnw.fm/N2NhN
About ORHub, Inc.
ORHub is an advanced surgical software provider focused on real-time surgical data analytics. The Company’s suite of products serves the needs of the health care industry, hospital, patient, government and the medical device vendor. ORHub provides a cloud-based software solution that captures information before, during and after surgery, filling a void in the current surgical information infrastructure and providing the first process to capture and measure the surgical process — evolving Big Data into Intelligent Digital Data. ORHub’s software applications allow hospitals and medical device vendors to utilize any web- enabled device to create an anatomical graphic depiction of exactly what occurs during surgery. The application automatically translates the resulting schematic into an intelligent, electronic operative report that links every detail of surgery, including implant location, surgical techniques, product usage, and all clinical parameters to create a dynamically new source of comparative information. For more information, visit www.ORHub.com
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